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C4 Scalping

  • #4,061
  • Jul 31, 2009 7:51am Jul 31, 2009 7:51am
Quoting lawrence
Thx UKCOOL.

Yes, I think I speak for many on here - WOULD THE REAL ANNE (BOLEYN) PLEASE STAND UP!!!

Ann if you are the real deal then show us - if not MOVE ON.

Its your call - WE ARE ALL WAITING TO SEE WHAT YOU ARE MADE OF!
I certainly am!!!
  • #4,062
  • Jul 31, 2009 7:56am Jul 31, 2009 7:56am
Well guys, here the update of the info panel.
I took of the candle time as it takes resources and isn't working anyway on renko charts.
And I took of the Trix Trend as either you have the trix candles or my arrows which shows you the cross as well.
But I added the TG-SSC values... maybe that helps...
You need the "TG-Sinc-Spectrum-Cycle.ex4" with exactly that name in your indi folder.
Have fun...

Attached File(s)
File Type: ex4 DXTrade Info v3.ex4   8 KB | 575 downloads
"The only successful substitute for brains is silence."
  • #4,063
  • Jul 31, 2009 8:02am Jul 31, 2009 8:02am
Quoting brucech
//#property show_inputs
change to #property show_inputs
Bruce
The "inputs" property does not need to be active for the scripts to work. If you drag it to the chart, on the next "tick" of data the script will execute and you will see the trades open in your trade window. I specifically commented that line out so the would execute a bit faster as I had preset them for this strategy.

Showing the inputs will allow you to change them on each execution if you wish, but I found that a bit clunky.

Clay
  • #4,064
  • Jul 31, 2009 8:05am Jul 31, 2009 8:05am
I feel like I'm the ONLY person not getting success with this... Must be operator error

I am however finding my mistakes in trading, that have absolutely nothing to do with the system. All that comes down to having a handy trading journal that outlines my success and failures.


Trade 1
1.40982
Short 10C 6 EUR/USD I took the trade because 5M Trix was Sell, 15M aligned, PA seemed to be in downtrend and not in news time
Trade 2
1.40521
Short 10C -5.8 EUR/USD I took the trade because 5M trix was sell and 15M said sell… Note Lack of MB data for 7 hours, don't trade when 15M trix at 0 Trade 3
1.40521 8:10AM Short 10C -10 EUR/USD 5M Trix Signaled, MA Signaled, Confirmed with 15M Trix

(I just started using the journal recently and it looks a lot better in excel)

Right now I'm using:

MA_Incolor_withapplied price set at 8,3,6
5M Trix 3,E,E,E
5M Trix 6,E,E,E (15M support)
Heiken-Ashi Candles
SL 10 Pips
TP 5 Pips

Trading from 8AM EST to 10AM EST and using MB MT4 for charts and placing trades through Oanda. Gotta love the 0.9 EU Spread on Oanda.

It's quite amazing how one can mess up a simple system with a primer and detonator. I've blown my arms off.... LOL

I would be more than happy to accept ANY constructive criticism.

Another trade that didn't work out :|
Attached Image (click to enlarge)
Click to Enlarge Name: trade 3.gif Size: 59 KB




  • #4,065
  • Jul 31, 2009 8:05am Jul 31, 2009 8:05am
Quoting SkyzerFX
Somebody just mentioned earlier FXCM uk.. It's really that bad?
I'm planning to move there. Guys, anybody happy with FXCM?
Thanks
Hi SkyzerFX,

I use FXCM uk and so far so good with them. The account has gone up 50% in 3 months and they haven't tried any dirty tricks or anything. Their spreads are good and they allow scalping too (don't use ODL UK if you want to scalp as they will close your account without informing you).

I also have accounts with Alpari UK - again very good and they allow scalping as well.

Also Activtrades - I have their variable spread account to enable me to scalp, but their spreads aren't wonderful and I find that the EA I use on this account doesn't pick up all the trades that it does on the other two. If I was going to close any of the accounts it would be this one.
  • #4,066
  • Jul 31, 2009 8:06am Jul 31, 2009 8:06am
Another trade 3rd take 3rd loss. What's wrong there?
I tell you what's wrong.. Dollar is tanking it's where hard
to make any profit on USD long. Perfect BUY signal
Forgot to tell you, trade went UP actually first, but with
4 pips spread there was only 3 pips I could take, so
I waited and it turn down.
Attached Image (click to enlarge)
Click to Enlarge Name: screen44.jpg Size: 115 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,067
  • Jul 31, 2009 8:07am Jul 31, 2009 8:07am
Hi folks, interesting thread.

I would generally like to know what people are using for stops with Nitro (and its variants).

Thanks,
JR
Be happy, be humble.
  • #4,068
  • Jul 31, 2009 8:09am Jul 31, 2009 8:09am
Quoting 4xStar
Some questions ..
why a 5 tic chart when Edge is adamant about a 10 tic chart?
What is the function of the T3 and why those settings? i.e. you said it provides support and resistance, but what is this based on?
And what is the point of using HA superimposed over renko? What is the advantage to that?
Thanks.

Hi...

I've tried 10 tic earlier but to me, I'm quite comfortable with 5 tic, more price actions - it's really your choice.

T3 is optional - to me, those two lines have been quite useful as a potential support and resistance zone/area - settings - it's your choice - but I'm comfortable with those.

HA over Renko - to me it's friendly to look at and friendly to trade with rather than renko... but I still need renko script with its advantage of not relying on timeframe.

Overall, it's just a combination of C4 and Renko on one template - Again it's your choice.

Cheers !
  • #4,069
  • Jul 31, 2009 8:17am Jul 31, 2009 8:17am
Ok Folks!!

I've something that could be interesting...

In these hours i'm trying to find a way to trade SIMPLY the new TG indy...

I've changed some settings and i've found something interesting:

Settings can be 8,40,false,1,2.0

Watch what happens...i've found a "pattern" that is quite reliable...

First...we need 1 colse with TG indy touching 0 line coming from an extreme...
Second, we need another clear close above or under 0 line (depends if long or short)...

And we enter the trade...

Sometimes it makes a drawdown but most of the times it goes in the right direction at least for 1 brick....

It's not 100% hit rate..but it's good...try it guys!!

Maybe someone can find better settings...i've noticed that every pair needs some different settings...
Attached Image (click to enlarge)
Click to Enlarge Name: tg_indy.gif Size: 17 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #4,070
  • Jul 31, 2009 8:17am Jul 31, 2009 8:17am
Quoting DXTrade
Well guys, here the update of the info panel.
I took of the candle time as it takes resources and isn't working anyway on renko charts.
And I took of the Trix Trend as either you have the trix candles or my arrows which shows you the cross as well.
But I added the TG-SSC values... maybe that helps...
You need the "TG-Sinc-Spectrum-Cycle.ex4" with exactly that name in your indi folder.
Have fun...

Thanks DX .. very generous as usual! I
am glad the font size can be adjusted as older eyes need larger fonts LOL
However this indicator seems to kick off my magnified price indicator and the price on this one does not go beyond a size 14 or so, even though the other info can be made much larger.
Any way to enlarge the price font size? It is useful to see it at a glance and at a distance.

I like this one for quick confirmation of other trends, but I think the 15 and maybe even 30 min trix could be added for even better big picture trend confirmation. Or maybe somehow incorporate the 3 ducks indicator?

Just ideas.. and only when you have time of course

I did remove the your signal arrows after I saw one repaint the previous bar also because it is pretty obvious from the sm trix candles and applied ma color change what is going on. But love the info thingy. Thanks.
******************* I'd rather make money than be right.
  • #4,071
  • Jul 31, 2009 8:18am Jul 31, 2009 8:18am
Quoting JillyB
Hi SkyzerFX,

I use FXCM uk and so far so good with them. The account has gone up 50% in 3 months and they haven't tried any dirty tricks or anything. Their spreads are good and they allow scalping too (don't use ODL UK if you want to scalp as they will close your account without informing you).

I also have accounts with Alpari UK - again very good and they allow scalping as well.
Thank you, JillyB, for valuable Info.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,072
  • Jul 31, 2009 8:18am Jul 31, 2009 8:18am
Quoting Syahmi
Hi...

I've tried 10 tic earlier but to me, I'm quite comfortable with 5 tic, more price actions - it's really your choice.

T3 is optional - to me, those two lines have been quite useful as a potential support and resistance zone/area - settings - it's your choice - but I'm comfortable with those.

HA over Renko - to me it's friendly to look at and friendly to trade with rather than renko... but I still need renko script with its advantage of not relying on timeframe.

Overall, it's just a combination of C4 and Renko on one template - Again...
OK thanks, that clarifies....
******************* I'd rather make money than be right.
  • #4,073
  • Jul 31, 2009 8:22am Jul 31, 2009 8:22am
You are not alone.... I am less then breakeven... This weekend I will do back and re-read the beginning of the thread.

I have both C4 and Renko set up side by side.... I have an issue with pulling the trigger 20-30 seconds before it retracts...

But I am the kind of guy that gets in the shortest line at the grocery just as:

 

  1. Cashier goes on a break
  2. Calls for a price check
  3. Register runs out of paper
  4. and more....



I need more practice

Wayne

Quoting DXTrade
Well guys, here the update of the info panel.
I took of the candle time as it takes resources and isn't working anyway on renko charts.
And I took of the Trix Trend as either you have the trix candles or my arrows which shows you the cross as well.
But I added the TG-SSC values... maybe that helps...
You need the "TG-Sinc-Spectrum-Cycle.ex4" with exactly that name in your indi folder.
Have fun...

  • #4,074
  • Jul 31, 2009 8:26am Jul 31, 2009 8:26am
7 for 7 now.

Entered a buy in ERROR against the trend, trix cross, ma etc.... was about to close for loss then price retraced enough to make the +5 ... Whooo

Then entered the sell at the higher price and knowing the signs were telling me the price would drop 5 + spread lower than the open of the bar got +10.

Thanks, done for the weekend, see you monday. Happy pipping

Waddij
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 50 KB
  • #4,075
  • Jul 31, 2009 8:27am Jul 31, 2009 8:27am
Quoting TudorGirl
It is kind of my old Professor, though, to acknowledge my contribution. It may be down in the "small print" but it nice to be appreciated.

Anne
Hi TG, I'm not sure if you saw my earlier reply to you -

I'm still a little unsure about your definition of momentum - which you say you use to pick trade entry points with your EA.

We have velocity, which is the rate of change of the position of the indicator (difference in position over time).

We have acceleration, which is the rate of change of the velocity of the indicator (difference in the previous two velocities divided by the previous two time periods averaged).

What is momentum here? Is it the second derivative of the acceleration? Or something else? A little confused..

Thanks!!
  • #4,076
  • Jul 31, 2009 8:27am Jul 31, 2009 8:27am
Here an example with a bad signal..

but watch how this can take you out from bad signals during the down trend....
Attached Image (click to enlarge)
Click to Enlarge Name: tg_indy2.gif Size: 16 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #4,077
  • Jul 31, 2009 8:30am Jul 31, 2009 8:30am
I have seen some requests for an EA.
Well this one will not place the trade for you, but it will close the trade.
Attached are the EA & the manual for it.
Read & understand, I will not answer any question about it.
Hope it helps.
Attached File(s)
File Type: mq4 TrailingStopEA.mq4   9 KB | 656 downloads
File Type: pdf Trailing_Stop_Manual[1][1].pdf   110 KB | 887 downloads
I trade what I see on my charts. Do Not listen to the Muppets.
  • #4,078
  • Jul 31, 2009 8:34am Jul 31, 2009 8:34am
Quoting Mindsphere
Hi TG, I'm not sure if you saw my earlier reply to you -

I'm still a little unsure about your definition of momentum - which you say you use to pick trade entry points with your EA.

We have velocity, which is the rate of change of the position of the indicator (difference in position over time).

We have acceleration, which is the rate of change of the velocity of the indicator (difference in the previous two velocities divided by the previous two time periods averaged).

What is momentum here? Is it the second derivative of the acceleration?...
Hi - Sorry if I missed the earlier post. It is getting harder to wade through the stuff on here...

Momentum, as I am sure you know, is simply defined as M(k) = Price[now] - Price[k bars ago]. My indy, which uses Fisher to sharpen the slope, acts like a proxy for price. You can see this effect also if you say put on a stoch with a long period. It just basically follows price.

But it eliminates some of the whipsaws. So as many have found on this thread, if you get a powerful move it often follows thru by 10 pips or more. So when the indy moves quite "quickly" it often signals a powerful little move that you should be able to scalp for 10 pips.

Hope that is clear.

Anne
  • #4,079
  • Jul 31, 2009 8:34am Jul 31, 2009 8:34am
Chris, thank you..

Tried your setup and boom 15 pips right there
Attached Image (click to enlarge)
Click to Enlarge Name: screen45.jpg Size: 105 KB
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  • #4,080
  • Jul 31, 2009 8:35am Jul 31, 2009 8:35am
Really gooooood detonator!!!!!!

I like it!
Attached Image (click to enlarge)
Click to Enlarge Name: tg_indy3.gif Size: 15 KB
Market is like a puzzle, YOU have to fit the pieces!!
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